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VANCOUVER, April 27 /CNW/ - Pinnacle Mines Ltd. (TSX-V: PNL, "the
Company") is pleased to announce the initiation of a Scoping Review of its
majority-owned Silver Coin Gold Project, located in the Stewart Mining Camp of
northwestern B.C., Mountain Boy Minerals Ltd. is the Company's JV partner on
Silver Coin. As reported in 2007 by Minefill Services Inc., the Silver Coin
property hosts a NI 43-101 compliant resource of 423,002 ozs. of gold and
3,423,531 ozs. of silver in the Measured and Indicated category (9.7 million
tonnes grading 1.355 gpt and 10.968 gpt respectively) plus 947,988 ozs. of
gold and 2,757,247 ozs. of silver in the Inferred category (15.95 million
tonnes grading 1.849 gpt and 5.377 gpt respectively). Subsequent to the 2007
resource estimate, the Company reported more exciting results from the 2008
drill program (see Pinnacle news Dec. 10th &amp; Nov. 7th, 2008). The deposit also
remains open at depth and to the north.
The Scoping Review is Phase 1 of a program that will systematically
de-risk the potential development of Silver Coin and culminate in a scoping
study before year-end 2009. This review is addressing geological,
metallurgical, resource modeling, social, mine planning, environmental, and
economic considerations in order to strengthen the foundations for a
feasibility study that is anticipated for 2010.
To lead the way on the Scoping Review, Pinnacle has retained a
highly-experienced group of geological and metallurgical specialists to assist
the in-house technical team. The effort is being led by BitterRoot Group LLC,
a U.S.-based resource consultancy and think-tank. The principals of BitterRoot
are Leigh Freeman, Patrick Highsmith, Robert Perry, and Jose Pinedo, who
collectively possess more than 100 years of professional experience in the
mining industry. The group has a technical and management track record built
with numerous major, mid-tier, and junior mining companies spanning many
countries.
At this stage, BitterRoot is focusing on the major geological controls on
mineralization, such as the structural geology, in order to bolster the
geological database to support future resource calculations. The team is also
compiling and reviewing geochemistry and geophysics from earlier exploration
programs. The resulting improved geological understanding will aid in the
completion of a 3D geological model and in highlighting new targets for
additional resources.
Results to date have led to an improved understanding of the shape and
orientation of the deposits, which will assist in optimizing future resource
development. These revelations also help explain and put into context the
excellent results that the Company reported for the 2008 drill program.
This study marks the beginning of a new chapter for the Silver Coin
Project and for the Company. We hold a quality asset and a strong land
position in one of the fastest growing gold districts in the world. Pinnacle
is well funded, having nearly $2 million in the bank; and it is actively
looking for near-term production acquisitions to augment its already
significant gold resources at Silver Coin.
This press release was written by Lawrence A. Dick, Ph.D., P.Geo; a
Director of Pinnacle Mines Ltd., who is recognized as a Qualified Person under
the guidelines of National Instrument 43-101. All aforementioned resource
estimates were measured at a cut-off grade of 0.75 gpt. Metallurgical
recoveries and net smelter returns are assumed to be 100%.
On Behalf of the Board:
"Lawrence A. Dick"
Director
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release
%SEDAR: 00005272E

For further information:

For further information: contact Paul Saxton, President & CEO at (604)
688-7377 or visit Pinnacle's website at www.pinnaclemines.com